1212 Sholar AveChattanoogaTN37406
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $1,069/mo, and a $1,123/mo payment. Purchase price stands at $229,500, and rental yield measures 5.59% with $1,069/mo rent. Return on cash invested shows 15.11% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 76.84% and total cumulative return in cash records $58,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,069/mo property income covering a $1,123/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37406, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,178 (100%) |
| Owner Occupied HU | 2,684 (43.4%) |
| Renter Occupied HU | 2,840 (46.0%) |
| Vacant Housing Units | 654 (10.6%) |
| Median Home Value | $224,742 |
| Average Home Value | $284,553 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,242
Multi-Family
172
Businesses
714
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Listed by: Jeffrey Harrell • United Real Estate Experts
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524474